India contributes over $15 mn to India-U.N. Development Partnership Fund

News: India has contributed over USD 15.46 million to the India-UN Development Partnership Fund.

Facts:

• India-UN Development Partnership Fund(India-UN Fund): It was established in 2017 as a dedicated facility within the United Nations Fund for South-South Cooperation. 
• Supported by: It is supported by the Government of India, managed by the United Nations Office for South-South Cooperation (UNOSSC) and implemented in collaboration with the United Nations system.
• Purpose: It supports Southern-owned and led, demand-driven, and transformational sustainable development projects across the developing world.
• Implementation: United Nations agencies implement these projects in close collaboration with governments of partner countries.

Additional Facts:

• UNOSSC: It was established in 1974 and hosted by UNDP to promote, coordinate and support South-South and triangular cooperation globally and within the United Nations system.
• South-South cooperation: It refers to the exchange of expertise between actors (governments, organizations and individuals) in developing countries.
• Triangular cooperation: It refers to development partners, countries, and international organizations providing financial or technical support to facilitate development activities between 2 developing countries.